
The letters “CJNG” for the cartel’s formal name, Jalisco New Generation Cartel, covers the facade of an abandoned home in El Limoncito, in the Michoacan state of Mexico, Oct. 30, 2021. AP Photo/Eduardo Verdugo, File
The Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned multiple individuals and companies linked to a Mexican cartel for engaging in timeshare fraud targeting U.S. citizens, the department says.
“These complex scams often target older Americans who can lose their life savings. The lifecycle of these scams can last years, resulting in financial and emotional devastation of the victims,” the department said in an Aug. 13 statement.